EXN.T

Excellon Announces Additional High-Grade Drilling Results at Platosa & Completes the Phase 1 Drilling Program at Miguel Auza 

 




TORONTO, ONTARIO--(Marketwire - June 16, 2010) - Excellon Resources Inc. (TSX:EXN) is pleased to announce assay results for three additional holes at its Platosa Property. Holes LP775, 780 and 781 continued drilling off the northwest portion of the 6A/6B Mantos and intersected 1.51, 1.75 and 3.04 metres (m) of high-grade massive and semi-massive sulphides respectively. Hole 781 reported 1,141 g/t (33 oz/T) Ag, 6.57% Pb, 14.97% Zn over 3.04 m. This area remains open to the northwest parallel to a major structure that is closely related to the high-grade massive sulphides being mined from the Guadalupe and 6A/6B Mantos and is accessible from existing mine infrastructure. 


These results provide continued evidence of the discovery potential for additional high-grade distal carbonate replacement deposit (CRD) resources in the immediate mine area and in an effort to speed up exploration a fifth drill has been mobilized to the site.


Elsewhere at Platosa drilling continues to confirm the presence of the favourable host fragmental limestone unit east and northeast of the known massive sulphide mantos thereby increasing the geological potential of finding additional mantos in this sparsely-drilled area. A recently completed 3D IP (induced polarization) survey may lead to the development of additional drilling targets in this area and in a prospective corridor extending for 2.5 km both northwest and southeast of the mining operations. The 3D IP data is presently being compiled after which sophisticated interpretation techniques will be employed to interpret the results. At la Zorra five kilometers west of the mine ongoing drilling of geological and geophysical targets continues to find geological indications that we are close to a large-tonnage proximal deposit, comparable to those in related districts Mexican CRD belt.